Wave analysis of major cryptocurrencies for 10.06.2019
Forecast for BTCUSD, ETHUSD, LTCUSD, EOSUSD, XRPUSD
Wave analysis for BTCUSD
The market continues moving down in the long-term downward corrective wave B that is taking the form of a triple zigzag [W]-[X]-[Y]-[X]-[Z]. After the upward corrective linking wave [X] is complete, the price should be going down in the [Z] wave. Let us see the chart structure in more detail in the four-hour timeframe.
The [X] wave is likely to be taking the form of a long ascending zigzag АВС. The final part of the C impulse is currently forming. A short downward correction (iv) completed last week, so, the…
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